During $2023,$ Paul Crawford, a $40-$year$-$old single taxpayer, who is a professor at BMCC$,$ reports the following items to his tax preparer:

$$ Salary $120,500$

$$ Federal Tax Withholding $45,000$

$$ Ordinary Dividends from Alta Corporation $1,200$

$$ Interest income from a savings account at Chase Bank $150$

$$ Business income from self$-$employment, $24,000$

$$ Expenses incurred with the Business income, $25,000$

$$ Net Long$-$Term capital losses $5,000$

$$ Alimony payments to former wife $($divorced July $21,2018)18,000$

$$ Student loan interest of $1,200$

$$ Contributions to his Traditional IRA, $5,800$

$$ Educator expenses of $300$

$$ Gambling winnings $4,500$

$$ Gambling losses $1,500$

$$ Child support payments of $24,000$

$$ Interest earned on Series EE Bonds $1,000$

$$ Loaned his sister $3,000$ and received $3,500.$

$$ Qualified Medical Expenses, $15,000$

$$ Mortgage Interest, $8,500$

$$ State Income Taxes, $14,000$

$$ Property Taxes, $6,500$

$$ Charitable Contributions, $5,000$

Instructions: Compute Paul$$s $2023$ Taxable Income.